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Exports, imports and net trade balance, May 2019, in current prices

Net trade balance at SEK 8.3 billion in May

Statistical news from Statistics Sweden 2019-06-27 9.30

In May 2019, Swedish exports of goods amounted to SEK 136.9 billion, while imports of goods amounted to SEK 128.6 billion. As a result, the net trade balance was SEK 8.3 billion.

Foreign trade in goods resulted in a net trade surplus of SEK 8.3 billion in May 2019, according to preliminary calculations. In May 2018, there was a net trade deficit of SEK 6.4 billion.

The value of exports in May was SEK 136.9 billion, while imports were valued at SEK 128.6 billion. Compared with May 2018, exports increased by 10 percent in value, while imports decreased by 2 percent in value.

Trade in goods with countries outside the EU resulted in a surplus of SEK 21.5 billion, while EU trade resulted in a deficit of SEK 13.2 billion.

The number of weekdays in May 2019 was the same as in May 2018.

Seasonally adjusted, the net trade shows a surplus of SEK 6.0 billion in May, compared with a surplus of SEK 5.3 billion in April. The corresponding figure for March was a surplus of SEK 4.4 billion.

Net trade (Jan – May 2019) surplus of SEK 23.2 billion

In this period, the value of exports of goods increased by 10 percent, while the value of imports of goods increased by 3 percent compared with the corresponding period one year ago. Exports were valued at SEK 648.2 billion and imports were valued at SEK 625.0 billion, resulting in a net trade surplus of SEK 23.2 billion for January - May 2019. The corresponding net trade balance for these months one year earlier was a deficit of SEK 17.5 billion.

Exports, imports and net trade in goods 2017–2019 (SEK billion). Revised figures in bold type
  Month Total EU Member States Non EU Member States
    2017 2018 2019 2017 2018 2019 2017 2018 2019
Exports Jan 103.1 115.2 126.4 63.0 67.6 74.6 40.1 47.6 51.8
  Febr 100.5 108.3 122.6 59.0 65.8 72.8 41.5 42.5 49.8
  March 119.1 122.3 133.4 69.5 73.2 79.7 49.6 49.1 53.7
  April 98.9 116.8 128.9 58.6 68.5 75.2 40.3 48.3 53.7
  May 115.2 124.4 136.9 67.9 75.2 78.7 47.3 49.2 58.2
  June 115.4 126.1   67.5 73.3   47.9 52.8  
  July 93.6 108.5   53.4 64.4   40.2 44.1  
  Aug 99.0 112.8   59.2 69.0   39.8 43.8  
  Sept 112.7 123.3   66.6 74.9   46.1 48.4  
  Oct 116.5 136.0   70.0 80.8   46.5 55.2  
  Nov 121.7 137.6   72.5 81.5   49.2 56.1  
  Dec 109.1 110.3   63.9 63.5   45.2 46.8  
  Total 1 304.8 1 441.6 648.2 771.1 857.7 381.0 533.7 583.9 267.2
Imports Jan 102.3 118.5 124.4 71.6 83.4 87.0 30.7 35.1 37.4
  Febr 101.9 110.7 117.0 73.6 81.0 84.4 28.3 29.7 32.6
  March 119.6 120.7 127.3 86.1 87.5 90.3 33.5 33.2 37.0
  April 102.8 123.8 127.7 73.9 87.6 89.3 28.9 36.2 38.4
  May 114.1 130.8 128.6 81.7 93.5 91.9 32.4 37.3 36.7
  June 109.9 125.6   79.4 88.3   30.5 37.3  
  July 95.6 109.7   65.1 73.3   30.5 36.4  
  Aug 106.1 120.8   73.3 80.5   32.8 40.3  
  Sept 110.3 120.9   79.5 84.8   30.8 36.1  
  Oct 118.0 144.5   85.8 99.2   32.2 45.3  
  Nov 121.8 135.0   88.7 97.3   33.1 37.7  
  Dec 113.1 117.6   82.2 81.6   30.9 36.0  
  Total 1 315.5 1 478.6 625.0 940.9 1 038.0 442.9 374.6 440.6 182.1
Net Trade of Goods Jan 0.8 ‑3.3 2.0 ‑8.6 ‑15.8 ‑12.4 9.4 12.5 14.4
  Febr ‑1.4 ‑2.4 5.6 ‑14.6 ‑15.2 ‑11.6 13.2 12.8 17.2
  March ‑0.5 1.6 6.1 ‑16.6 ‑14.3 ‑10.6 16.1 15.9 16.7
  April ‑3.9 ‑7.0 1.2 ‑15.3 ‑19.1 ‑14.1 11.4 12.1 15.3
  May 1.1 ‑6.4 8.3 ‑13.8 ‑18.3 ‑13.2 14.9 11.9 21.5
  June 5.5 0.5   ‑11.9 ‑15.0   17.4 15.5  
  July ‑2.0 ‑1.2   ‑11.7 ‑8.9   9.7 7.7  
  Aug ‑7.1 ‑8.0   ‑14.1 ‑11.5   7.0 3.5  
  Sept 2.4 2.4   ‑12.9 ‑9.9   15.3 12.3  
  Oct ‑1.5 ‑8.5   ‑15.8 ‑18.4   14.3 9.9  
  Nov ‑0.1 2.6   ‑16.2 ‑15.8   16.1 18.4  
  Dec ‑4.0 ‑7.3   ‑18.3 ‑18.1   14.3 10.8  
  Total ‑10.7 ‑37.0 23.2 ‑169.8 ‑180.3 ‑61.9 159.1 143.3 85.1

SEK millions, current prices. Trend
Namnlös

Definitions and explanations

Last month’s import and export values in trade with the EU are estimates based on data provided by a large subset of companies that trade with the EU. Most (95 percent) of the deviation between these estimates and the subsequent outcome lies within the range of SEK -2 billion and SEK 1 billion for both imports and exports.

Import and export values for trade in goods with non-EU countries are based largely on data from Swedish Customs.

Next publishing will be

2019-07-26 at 09:30.

Statistical Database

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